Suspected ETH reserve institution address accumulated another 15,846 ETH and staked them 7 hours ago, worth $55.34 million
According to Jinse Finance, on-chain analyst Yujin has monitored that an address likely belonging to an ETH reserve institution accumulated another 15,846 ETH (worth $55.34 million) and staked them seven hours ago. This institution has been accumulating ETH through the institutional trading platform mentioned below. Since August 1, they have accumulated a total of 41,452 ETH (worth $148 million) at an average price of approximately $3,575. After receiving the ETH, all of it was staked in PoS via Figment, which is quite similar to SharpLink Gaming (SharpLink (SBET) has also staked a significant portion of its ETH through Figment). This address may belong to SharpLink, but whether it does can be inferred when SharpLink next announces its ETH reserve holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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